Looking to diversify beyond FIMIX? The mutual funds below have historically moved differently from FIMIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FIMIX
15 mutual funds have low correlation with FIMIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.02 | 0.18 | 0.23 | 91 | Municipal Bonds | FIMIX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.07 | 80 | Semiconductors, Technology Equities | FIMIX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.09 | 0.23 | 0.25 | 94 | Municipal Bonds | FIMIX vs DMREX | |
| Fidelity 500 Index Fund | 0.18 | 0.14 | 0.12 | 64 | S&P 500 | FIMIX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.19 | 0.15 | 0.13 | 64 | Large Cap Blend Equities | FIMIX vs FZROX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FIMIX
Add FIMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIMIX